Is Justice Potential Restitution or Certain Retribution?
01/07 – TRAVERSE CITY — They scammed nearly $900,000 from area senior citizens in a so-called “Ponzi” scheme and had almost a year to repay their victims. But Gary Singer and Margaret Zimmerman, former principals in Grand Traverse County-based Estate Growth Management, so far have repaid only a fraction of the looted funds. They face a court hearing next month that could result in lengthy prison terms for both. Singer, 55, and Zimmerman, 49, are due back in court Feb. 16, 11 months after 13th Circuit Court Judge Philip Rodgers delayed sentencing on their felony convictions. They are obligated to pay $860,000 restitution, and authorities warned they’ll seek serious penalties if they haven’t done so by then. By late last week, Zimmerman had paid $5,050 and Singer, $2,850. Estate Growth Management made one payment of $203,095 in June, court records show. “They are all bound to the total amount. If Estate Growth is now defunct and does not pay its portion of the restitution, the burden sti
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